Dollar General (NYSE:DG) Given New $119.00 Price Target at Barclays

Dollar General (NYSE:DG) had its target price boosted by Barclays from $100.00 to $119.00 in a research report released on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other analysts also recently issued reports on DG. Citigroup raised Dollar General from a “sell” rating to a “neutral” rating and lifted their target price for the company from $69.00 to $101.00 in a research report on Monday, April 7th. Bank of America boosted their price target on Dollar General from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday. Truist Financial lifted their price target on Dollar General from $76.00 to $93.00 and gave the company a “hold” rating in a research note on Tuesday, April 8th. Melius Research upgraded Dollar General from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Finally, Melius upgraded Dollar General from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Tuesday, April 8th. Fourteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $108.19.

Dollar General Price Performance

Shares of NYSE:DG opened at $111.89 on Wednesday. The business has a 50 day moving average price of $93.85 and a 200 day moving average price of $82.03. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The company has a market cap of $24.61 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 2.18 and a beta of 0.26. Dollar General has a twelve month low of $66.43 and a twelve month high of $135.57.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.32. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. During the same period last year, the company earned $1.65 EPS. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. Research analysts predict that Dollar General will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Tuesday, July 8th. Dollar General’s dividend payout ratio (DPR) is presently 46.18%.

Insider Buying and Selling

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the sale, the executive vice president now owns 48,532 shares in the company, valued at $4,596,951.04. This represents a 1.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new stake in shares of Dollar General during the 4th quarter valued at about $25,000. Altshuler Shaham Ltd bought a new stake in shares of Dollar General during the fourth quarter worth approximately $25,000. Ameriflex Group Inc. bought a new stake in Dollar General in the fourth quarter valued at approximately $31,000. Providence First Trust Co bought a new stake in Dollar General in the fourth quarter valued at approximately $33,000. Finally, Bogart Wealth LLC increased its stake in Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after purchasing an additional 361 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.